Starwood Property Trust (NYSE:STWD) Hits New 52-Week Low – Here’s What Happened

Starwood Property Trust, Inc. (NYSE:STWD) shares hit a new 52-week low on Friday . The stock traded as low as $18.41 and last traded at $18.52, with a volume of 436327 shares trading hands. The stock had previously closed at $18.81.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on STWD shares. Wells Fargo & Company increased their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. UBS Group upped their target price on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 15th. JMP Securities lowered their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their target price on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Starwood Property Trust presently has an average rating of “Moderate Buy” and a consensus target price of $22.25.

Starwood Property Trust Stock Performance

The stock’s 50 day moving average price is $19.65 and its two-hundred day moving average price is $19.82. The firm has a market capitalization of $6.23 billion, a PE ratio of 15.80 and a beta of 1.69. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. Starwood Property Trust’s revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share. On average, equities analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 10.38%. Starwood Property Trust’s dividend payout ratio (DPR) is 164.10%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. National Bank of Canada FI raised its holdings in Starwood Property Trust by 1,138.8% in the second quarter. National Bank of Canada FI now owns 65,595 shares of the real estate investment trust’s stock valued at $1,230,000 after acquiring an additional 60,300 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Starwood Property Trust during the 2nd quarter valued at about $74,000. PFG Investments LLC raised its position in Starwood Property Trust by 60.3% in the second quarter. PFG Investments LLC now owns 32,624 shares of the real estate investment trust’s stock worth $618,000 after acquiring an additional 12,271 shares in the last quarter. Choreo LLC acquired a new stake in Starwood Property Trust during the second quarter valued at approximately $328,000. Finally, Headlands Technologies LLC acquired a new position in Starwood Property Trust in the second quarter worth approximately $112,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.